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Segment Information (Tables) | 9 Months Ended
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Oct. 01, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Below are the sales and operating loss by segment for the three and nine months ended October 1, 2022 and October 2, 2021 and a reconciliation of segment operating loss to loss before income taxes. Operating loss is net sales less cost of products sold and other operating expenses excluding interest and corporate expenses. Cost of products sold and other operating expenses are directly identifiable to the respective segment.
| Nine Months Ended |  | Three Months Ended
(In thousands) | October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Sales: |  |  |  |  |  |  |
Aerospace | $ | 322,871 |  |  | $ | 266,425 |  |  | $ | 112,177 |  |  | $ | 95,775 |
Less Inter-segment Sales | (10) |  |  | (23) |  |  | — |  |  | (9) |
Total Aerospace Sales | 322,861 |  |  | 266,402 |  |  | 112,177 |  |  | 95,766 |
Test Systems | 53,899 |  |  | 62,811 |  |  | 19,261 |  |  | 16,128 |
Less Inter-segment Sales | (19) |  |  | (357) |  |  | — |  |  | (53) |
Total Test Systems Sales | 53,880 |  |  | 62,454 |  |  | 19,261 |  |  | 16,075 |
Total Consolidated Sales | $ | 376,741 |  |  | $ | 328,856 |  |  | $ | 131,438 |  |  | $ | 111,841 |
Segment Measure of Operating Loss and Margins |  |  |  |  |  |  |
Aerospace | $ | (7,085) |  |  | $ | (6,352) |  |  | $ | (6,859) |  |  | $ | 1,917 |
| (2.2) | % |  | (2.4) | % |  | (6.1) | % |  | 2.0 | %
Test Systems | (4,125) |  |  | (1,958) |  |  | (2,312) |  |  | (2,201) |
| (7.7) | % |  | (3.1) | % |  | (12.0) | % |  | (13.7) | %
Total Segment Measure of Operating Loss | (11,210) |  |  | (8,310) |  |  | (9,171) |  |  | (284) |
| (3.0) | % |  | (2.5) | % |  | (7.0) | % |  | (0.3) | %
Deductions from Segment Measure of Operating Loss |  |  |  |  |  |  |
Net Gain on Sale of Business | (11,284) |  |  | — |  |  | — |  |  | — |
Interest Expense, Net of Interest Income | 5,812 |  |  | 5,252 |  |  | 2,519 |  |  | 1,795 |
Corporate Expenses and Other | 16,847 |  |  | 13,247 |  |  | 5,570 |  |  | 4,760 |
Loss Before Income Taxes | $ | (22,585) |  |  | $ | (26,809) |  |  | $ | (17,260) |  |  | $ | (6,839) |
During the three and nine months ended October 1, 2022, the Company settled a customer accommodation dispute for $2.1 million and a litigation for $2.0 million, both recorded within Selling, General and Administrative expense and impacting Aerospace segment profitability. Total Assets:
(In thousands) |  | October 1, 2022 |  | December 31, 2021
Aerospace |  | $ | 478,385 |  |  | $ | 458,334 |
Test Systems |  | 108,473 |  |  | 105,335 |
Corporate |  | 12,029 |  |  | 45,469 |
Total Assets |  | $ | 598,887 |  |  | $ | 609,138 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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